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le da el mandato para evitar un precipicio fiscal, que genera'ria desempleos, alentó a obama a negociar con lideres poltiicos para evitar aumento de impuestos o recortes . >> democratas obtuvieron la mayoría en california , lo significaria que podrían aumentar impuestos, por primera vez el partido en el poder tienen la mayoría de un tercio, necesitaban lois escaños para tener 54 puestos . >> en california varias propuestas estuvieron en juego , la proposición buscaba aprobar la tercera es la vencida y así lo fue . >> un analista nos explica el significado de esta aprobacion . >> si una personas roba algo pequeño en un restaurante y era sentenciado a 25 años de cárcel . >> mientras tanto la proposición 35 recibió un enorme apoyo, de modo que se endurecerán los castigos contra personas que trafican humanos . >> deben ser sometidos al esctrutinio público, las sentencias aumentan . >> por otra parte la proposición 34 buscsaba abolir la pena de muerte y fue derrotada (información en pantalla) . >> los votantes demostraron que realmente considera que la pena que se debe aplicar
le da el mandato para evitar un precipicio fiscal, que genera'ria desempleos, alentó a obama a negociar con lideres poltiicos para evitar aumento de impuestos o recortes . >> democratas obtuvieron la mayoría en california , lo significaria que podrían aumentar impuestos, por primera vez el partido en el poder tienen la mayoría de un tercio, necesitaban lois escaños para tener 54 puestos . >> en california varias propuestas estuvieron en juego , la proposición buscaba aprobar...
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obama and congress must tackle the so-called fiscal cliff looming ahead. january 1st, an 800 billion dollar tax cut will expire. that will mean tax hikes and spending cuts kick in unless there's a deal. coming up our katie marzullo will have more. >>> traffic and weather together, next. >>> live look outside now before the rain comes this is the san mateo bridge deck dry, traffic moving fine.g5ç mike will tell us when rain will arrive in your neighborhood today. sue will check your commute. >>> you know about black friday how about black thursday. how wal-mart is getting a bigger >>> here's doppler out of eureka showers even moderate showers no thunder out of this storm yet we did have a few claps of thunder over the sierra as the rain has changed over to snow. winds are slowing now the cold front is moving away from us. gusts up to 30 in oakland we were in the 25 to 35 degree range for several hours this morning. breezy and cooler through 7:00, 40s and 50s, showers into the north bay, by noon into the heart of the bay noon to 2:00 in the south bay 2 to 4
obama and congress must tackle the so-called fiscal cliff looming ahead. january 1st, an 800 billion dollar tax cut will expire. that will mean tax hikes and spending cuts kick in unless there's a deal. coming up our katie marzullo will have more. >>> traffic and weather together, next. >>> live look outside now before the rain comes this is the san mateo bridge deck dry, traffic moving fine.g5ç mike will tell us when rain will arrive in your neighborhood today. sue will...
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the fiscal cliff that threatens to throw u.s. economy back into recession. katie marzullo live in the newsroom in is going to take compromise. >> reporter: -- skeptical they are going to do it, lawmakers have not found much common ground over the past four years washington remains almost unchanged after the election. president obama has already talked with the top four leaders in the house and senate on the phone from chicago before returning to the white house last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the t
the fiscal cliff that threatens to throw u.s. economy back into recession. katie marzullo live in the newsroom in is going to take compromise. >> reporter: -- skeptical they are going to do it, lawmakers have not found much common ground over the past four years washington remains almost unchanged after the election. president obama has already talked with the top four leaders in the house and senate on the phone from chicago before returning to the white house last night that includes...
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president obama today thanked cd ing back to work. >> there's no shortage of work to be done. approaching the fiscal cliff with a stalemate on capitol hill, cbs 5 reporter looks ahead to the second term. >> reporter: the president and his family arrived back in washington. the white house is their official home for four more years. >> i've never been more hopeful about our future. >> reporter: the president won't have a lot of time to savor his victory. the most pressuring issue on the plate is the fiscal cliff, the mix of huge cuts and automatic tax increases and it's set to go in to effect in about 7 weeks. >> you voted for action, not politics as usual. >> reporter: economists have warned the fiscal cliff can plunge the country in to another recession. today the president has been calling congressional leaders. at least for now, he and john boehner are talking about a new spirit of cooperation in washington. >> we're not as divided as our politics suggested. we're not as cynical as the pundits believe. we're greater than the thumb of our individual ambation. >> reporter: to
president obama today thanked cd ing back to work. >> there's no shortage of work to be done. approaching the fiscal cliff with a stalemate on capitol hill, cbs 5 reporter looks ahead to the second term. >> reporter: the president and his family arrived back in washington. the white house is their official home for four more years. >> i've never been more hopeful about our future. >> reporter: the president won't have a lot of time to savor his victory. the most...
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fiscal cliff budget cuts this country is facing at the beginning of the year. >> mitt romney didn't make any public appearances today but jon but-off -- but speaker of the house john boehner congratulated the president while offering to work with president obama. >> if there is a mandate it is for us to find a way to work together on the solutions to the challenges we face as a nation. >> john boehner addressed the budget cuts to the pentagon and some programs that will begin next year. both republicans and democrats have said they will try to avoid those so-called fiscal cliff budget cuts at all costs. >>> the day after the election wall street took a beating. [ bell ] >> the white house is staying blue but stocks were in the red. the dow is down 312 to 12,932. its 81st worst day of the year. take a look. the dow lost 313 points today. the day after president obama was elected in 2008 it dropped 486 points. the market always doesn't move down following presidential elections. when bill clinton was reelected it rose 96 points. >>> voters approved a sales tax increase to fund county
fiscal cliff budget cuts this country is facing at the beginning of the year. >> mitt romney didn't make any public appearances today but jon but-off -- but speaker of the house john boehner congratulated the president while offering to work with president obama. >> if there is a mandate it is for us to find a way to work together on the solutions to the challenges we face as a nation. >> john boehner addressed the budget cuts to the pentagon and some programs that will begin...
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meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama has already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and 2% payroll tax cut expiring. a big cut in medicare payments and your taxes going up january 1 if congress doesn't act. plus another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill, leaders signalled compromise. >> compromise is not a dirty word. i want to work together but i want everyone to also understand you can't push us around. >> i'm not suggesting we compromise on our principles but i am suggesting that we commit ourselves to creating an atmosphere where we can see common ground, where it exists and seize it. >
meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama has already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and 2% payroll tax cut expiring. a big cut in medicare payments and your taxes going up january 1 if congress doesn't act. plus another $500 billion in cuts at the pentagon. boeing, the...
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when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to robbing six homes. they found the front door smashed in. it's not clear if he took anything initially. nancy pelosi won her post again last night. some congressional insiders say pelosi is weighing her options and may not want the job again. go to nbcbayarea.com for complete results and more coverage. yo
when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain...
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if you want to know how all of this is affecting your tax bill, we have an analysis of obama's victory and the "fiscal cliff" on moneywatch.com of the we break it out by how much money you earn. >> all right. we'll have to check that out. jill schlesinger, editor at large for cbsmoneywatch.com. thank you. >>> don't look now but guess who is doing a little rain dance. >> yes! >> it's not pretty. [ laughter ] >> looks like we have some unsettled weather moving into the bay area right now. fairly quiet on our hi-def doppler. but we are expecting that to change throughout the day today. a cold front is swing through overnight. that's ushered in some cool and brisk and breezy conditions now. but there's rainfall in far northern california. you see that cold front moving by? but then look at this. you see the core of that low swinging closer into california. that is going to work its way down the coastline throughout the day today and bring a chance of rain. so grab the umbrella. grab a jacket. it's going to be one of those cool showery days especially as we head in toward the middle of the
if you want to know how all of this is affecting your tax bill, we have an analysis of obama's victory and the "fiscal cliff" on moneywatch.com of the we break it out by how much money you earn. >> all right. we'll have to check that out. jill schlesinger, editor at large for cbsmoneywatch.com. thank you. >>> don't look now but guess who is doing a little rain dance. >> yes! >> it's not pretty. [ laughter ] >> looks like we have some unsettled weather...
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. >>> president obama isn't spending time celebrating, he's back to work and facing upcoming showdown with congressional republicans overtaxes, deficits and impending fiscal cliff which sent the dow plunging yesterday. the president and his family returned to the white house last night. he has been on the phone with top leaders of the house and senate, all involved in stake stag -- in staking out opening positions. >>> students enrolled in california state university system are getting a refund thanks to voter approval of prop 30. the measure rolls back all of this year's fee increases. many students will get back $249 the end of the month in the form of a direct deposit. other campuses are crediting students next semester. >>> defense attorneys around the state are preparing to ask judges for reduced sentences for thousands serving life sentences in prison for relatively minor crimes. it follows the passing of prop 36 tuesday which revises california's three strikes law. up to 3,000 could be apply to be released or receive a shorter sentence. public defenders say it could take up to
. >>> president obama isn't spending time celebrating, he's back to work and facing upcoming showdown with congressional republicans overtaxes, deficits and impending fiscal cliff which sent the dow plunging yesterday. the president and his family returned to the white house last night. he has been on the phone with top leaders of the house and senate, all involved in stake stag -- in staking out opening positions. >>> students enrolled in california state university system...
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the edge of the cliffç appearsn newier's eve when bush and obama tax cuts will expire.ç democrats and republicans are talking about it. >> to get a responsible and balanced solution on the fiscal cliff. >> and i won't be solved simply by raisingç taxes or taking a plunge off the fiscal cliff. >> the question is can they come together and solve it. gridlock will lead america right back to recession.ç >> if they do, tax rates go back up, employees on the payroll and all the brackets in the tax cut plan, that's going to suck over $300 billionç out of the econo next year. >> the money can knock down the national debt, but it can knock the u.s. off the road to recovery. the president andç members of congress have less than two months. >> making for a rough ride for investors. >> now, experts also say that democrats and republicans are both motivated to make a deal.ç and that's because near party wants to be blamed for a crisis. reporting live in san francisco, nbc bay area news. >> changes already in the works after theç passage of propositn 30 to see if a syst
the edge of the cliffç appearsn newier's eve when bush and obama tax cuts will expire.ç democrats and republicans are talking about it. >> to get a responsible and balanced solution on the fiscal cliff. >> and i won't be solved simply by raisingç taxes or taking a plunge off the fiscal cliff. >> the question is can they come together and solve it. gridlock will lead america right back to recession.ç >> if they do, tax rates go back up, employees on the payroll...
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this morning team coverage of the fiscal cliff concerns. we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many asian markets lower. the world turned. by the time the sun came back around and over to europe we had some hope. the greek parliament was able to hammer out its latest agreement. the british footsie closed higher in london. there's hope washington can get back to business after the long, bitter election and perhaps, laura an jon, that fiscal cliff can be avoided. >> scott, thank you very much. so the question is what exactly is this so-called fiscal cliff? and will president obama and congress be able to avoid it through some kind of compromise? for those ans
this morning team coverage of the fiscal cliff concerns. we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many...
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. >> on election night president obama was on the phone with the four top leaders of the house and the senate. >>> and traders are worried about possible tax increases and spending cuts if there's no congressional action concerning the impending "fiscal cliff." and the fiscal crisis in europe is dragging the market down. yesterday, the dow had its worst day of the year, blue chips falling 312. wall street opening flat today. >>> some californians will get some money back for public schools. prop 30 reduces the risk of more budget cuts for the california state university system a midyear fee hike will be canceled. many students may get a refund on the previous hike of some $249. prop 30 won't solve all the state's problems, though. >> we have to make sure over the next few years that we pay our bills, we invest in the right programs, but we don't go on any spending binges like we did in the days where you had the dot-com boom. >> prop 30 will also bring about $210 million in funding for community colleges. it will show up in sales taxes and people who make more than $250,000. >>> you ca
. >> on election night president obama was on the phone with the four top leaders of the house and the senate. >>> and traders are worried about possible tax increases and spending cuts if there's no congressional action concerning the impending "fiscal cliff." and the fiscal crisis in europe is dragging the market down. yesterday, the dow had its worst day of the year, blue chips falling 312. wall street opening flat today. >>> some californians will get some...
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vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know that these numbers are going to be skewed for weeks because of hurricane sandy. they might be lower and we might see a surge in a month because of that. the u.s. trade deficit in september falling to its lowest level in two years down to $41.5 billion. 5% off the month befor
vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the...
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the dreaded fiscal cliff, automatic across-the-board tax hikes, and deep spending cuts are just seven weeks away. live from chicago, i'm steve handelsman, nbc bay area news. >> okay, steve, thank you, from a very chilly chicago. >>> it is very common on the day for the markets to slide, but on this day after, it was a tumble on wall street, and it involves one of the bay area's most notable companies. like steve mentioned, we're going to be hearing a lot of that fiscal cliff term. scott budman joins us. where are we headed here? >> reporter: a lot of direction, raj. some local, some overseas. you mentioned apple. here is what a lot of people all over the country are talk about tonight. wall street worried what politicians are indeed calling the fiscal cliff. which comes from a previous budget deal. basically, what this means is by the end of the year, unless there is a new deal to decrease the country's deficit, two things will happen. one, massive government spending cuts kick in. literally hundreds of billions of dollars worth of cuts. and two, a tax increase. many analysts say this
the dreaded fiscal cliff, automatic across-the-board tax hikes, and deep spending cuts are just seven weeks away. live from chicago, i'm steve handelsman, nbc bay area news. >> okay, steve, thank you, from a very chilly chicago. >>> it is very common on the day for the markets to slide, but on this day after, it was a tumble on wall street, and it involves one of the bay area's most notable companies. like steve mentioned, we're going to be hearing a lot of that fiscal cliff...
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. >>> now that the election is over, time for president obama to get back to work. the president has a big-time problem on his hands and it has to do with your money. nbc's tracie potts has the details on the nation's looming fiscal cliff. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced its second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe. and so we've got to find a path forward. >> reporter: on
. >>> now that the election is over, time for president obama to get back to work. the president has a big-time problem on his hands and it has to do with your money. nbc's tracie potts has the details on the nation's looming fiscal cliff. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top...
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tracie potts is live with more on the nation's looming fiscal cliff. good morning. >> reporter: good morning. we are talking about that because it is getting closer and closer and president obama has already made some phone calls for top democrats and republicans here on capitol hill telling them we've got to get this done this time. there is a new political will here to work together. republican leader john boehner has said that he doesn't want to compromise principles, but they do want to create an environment where compromise is possible, where they can commit to find some common ground. on the senate side harry reid said compromise isn't a dirty word, although you can't just push us around. the president in his victory speech said we've got to work with both parties to solve the challenges. those challenges included unemployment, the payroll tax cut, the bush tax cuts, big cuts looming for medicare providers, doctors and hospitals, and don't forget automatic spending cuts to the federal government, to their budget. $500 billion of that tol pentagon
tracie potts is live with more on the nation's looming fiscal cliff. good morning. >> reporter: good morning. we are talking about that because it is getting closer and closer and president obama has already made some phone calls for top democrats and republicans here on capitol hill telling them we've got to get this done this time. there is a new political will here to work together. republican leader john boehner has said that he doesn't want to compromise principles, but they do want...
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that so-called "fiscal cliff" still losing president obama wasted no time so this day after the election he hit the ground running working the phones reaching out to congressional leaders. the question now, though, will it work? president obama is headed back to washington after a bitter battle to win a second term and he used his victory speech to reach out to the other side. >> in the weeks ahead i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >> reporter: the two men finally agreed on something with governor mitt romney also calling for compromise. >> at a time like this we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's work. >> reporter: voters put president obama back in the white house but they also chose a divided congress recreating the same recipe for gridlock. amend democrats are hanging on to the senate -- and democrats are hanging on to the senate where democratic majority leader harry reid said he is not going to let them push
that so-called "fiscal cliff" still losing president obama wasted no time so this day after the election he hit the ground running working the phones reaching out to congressional leaders. the question now, though, will it work? president obama is headed back to washington after a bitter battle to win a second term and he used his victory speech to reach out to the other side. >> in the weeks ahead i also look forward to sitting down with governor romney to talk about where we...
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obama won with a hefty 303 electoral votes but a mere 53% of the popular votes begging the question, was it a mandate or a draw. the president promised to reach out to leaders of both parties. speaker boehner appeared to be ready to take him up on his offer with hundreds of billions in tax hikes that could tank the economy, boehner staked out this position on behalf of his caucus. >> for the purposes of bipartisan agreement that begins to solve the problem we're willing to accept new revenue under the right conditions. what matters is where the increase revenue comes from and what type of reform comes with it. >> eliot: a few hours earlier harry reid also called for compromise. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. everyone should comprehend, especially my senate friends that legislation is the art of compromise and consensus building. >> eliot: but all the political happy talk wasn't enough to soothe the markets with two years of political gridlock behind us and an uncertain future ahead the dow jones industrial a
obama won with a hefty 303 electoral votes but a mere 53% of the popular votes begging the question, was it a mandate or a draw. the president promised to reach out to leaders of both parties. speaker boehner appeared to be ready to take him up on his offer with hundreds of billions in tax hikes that could tank the economy, boehner staked out this position on behalf of his caucus. >> for the purposes of bipartisan agreement that begins to solve the problem we're willing to accept new...
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. >> after years of punting on the major fiscal challenges that we face, 2013 is gonna be different. >> reporter: president obama has no public events today but there is a lot of speculation here in d.c. he could hold his first post-election news conference. i'll have more on how speaker boehner could be offerrering erg the first olive branch during my next update. alison burns, ktvu channel 2 news. >>> 7:19. the greek parliament narrowly paced a deeply unpopular austerity package. the pension cuts pensions and salaries more than they have been cut -- the vote cuts pensions and salaries more than they have been. without a bailout loan, greece said it would run out of euros on november 16th. >>> well, today, some uc berkeley students plan a walkout demanding tuition reductions after voters pass proposition 30. the protest marks the first anniversary of occupy cal. it causes clashes between campus and police. some of the students rallying say the money that's going through the passage of prop 30 should be used to lower tuition. >>> well, administrators say the passage of two measures w
. >> after years of punting on the major fiscal challenges that we face, 2013 is gonna be different. >> reporter: president obama has no public events today but there is a lot of speculation here in d.c. he could hold his first post-election news conference. i'll have more on how speaker boehner could be offerrering erg the first olive branch during my next update. alison burns, ktvu channel 2 news. >>> 7:19. the greek parliament narrowly paced a deeply unpopular austerity...
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>> i like the idea of the fiscal cliff. i think we should do the sequester. but i think the failure of barack obama's first term was that he tried to do everything with only democratic votes. you know, he tried to pass the -- he passed the stimulus with only democratic votes, the big health care bill with democratic votes, and it was incredibly polarizing. i hope that barack obama is being sincere when he says i want to do these things in a bipartisan fashion. and to my friend jared bernstein i'd simply say this -- that it's a non-starter for republicans. it's the tripwire here is to say raise tax rates because you're not going to get republican votes for that. so why not find another way to do it? >> so i think that's a fair point. and i actually am extremely exhausted of continually arguing about these, you know, few percentage points of marginal tax. so -- >> so we all agree. >> so i guess what i'd ask from you guys, though, and for the congressmen and for steve and larry, you know, give us specific base broadeners. this can't be a mitt romney, asterisk he
>> i like the idea of the fiscal cliff. i think we should do the sequester. but i think the failure of barack obama's first term was that he tried to do everything with only democratic votes. you know, he tried to pass the -- he passed the stimulus with only democratic votes, the big health care bill with democratic votes, and it was incredibly polarizing. i hope that barack obama is being sincere when he says i want to do these things in a bipartisan fashion. and to my friend jared...
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number one, barack obama as you reach out to republicans. starting with mitt romney, but the leadership in some of the key players who might be able to work with in a bipartisan way, say john mccain aeschylus house members and senators. does he reach out? secondly, legislation. does he cover and from center out or does he govern from the base over to try to get a majority? on the republican side, how did they respond if obama reaches out? i strongly believe that he will reach out, that he does realize that they fiscal cliff facing a city has to do something. how do republicans respond? had his mitch mcconnell respond? the senate could easily come up with a deal with the white house. the question is then what happens in the house? or two questions that john boehner. number one, ac temperamentally willing to go and legislate, especially if he is major concessions president. i think you might get the answer is yes. at least the second second question. can he bring his caucus along? a couple of the leading tea party members of the house republic
number one, barack obama as you reach out to republicans. starting with mitt romney, but the leadership in some of the key players who might be able to work with in a bipartisan way, say john mccain aeschylus house members and senators. does he reach out? secondly, legislation. does he cover and from center out or does he govern from the base over to try to get a majority? on the republican side, how did they respond if obama reaches out? i strongly believe that he will reach out, that he does...
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ability on taxes, and on dealing with sequestration and the fiscal cliff. and i talked to one republican be consoling the other day who said to me, you know, i think there's a chance that if obama wins comfortably with the electoral college and we underperform in the house or in the senate, and clearly the republicans underperformed in the senate. every talus the race went democratic in just as charset and the presidential, every swing state went democratic, kind of magnifying the outcome. but this consultant said to me right before the election, if something like that happens i think the republican folks will give a little bit on taxes because the republicans, members of congress are just tired of being hammered for being for millionaires and billionaires. and if it looks as though the election goes against us, i think they will give ground there. so in the short term i think there is an opportunity to address some of these issues, including a large defense cuts and across the board cuts and deficit issues in short-term. but still count me as a skeptic in
ability on taxes, and on dealing with sequestration and the fiscal cliff. and i talked to one republican be consoling the other day who said to me, you know, i think there's a chance that if obama wins comfortably with the electoral college and we underperform in the house or in the senate, and clearly the republicans underperformed in the senate. every talus the race went democratic in just as charset and the presidential, every swing state went democratic, kind of magnifying the outcome. but...
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obama has hinted in the past he's willing to include social security and medicare in the fiscal negotiations, the rest of his party may not go along. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that's the way it's been the last couple of years. >> reporter: meanwhile, romney's loss has prompted hang wringing and a blame game among republicans. >> i think it's going to be a circular firing squad for the next six months in the republican party. >> reporter: republicans lost by a wide margin among latinos, african-americans, asian americans, and women. >> don't tell me the republican party doesn't have outreach, we do. but what are we supposed to do now? are we supposed to -- does that mean open the borders and embrace the illegals? if we're not getting the female vote, do we become pro-choice? do we start passing out birth control pills? is that what we have to do? >> if the republican party were a business, you would say that they have a flawed business model for the future. >> reporter: and
obama has hinted in the past he's willing to include social security and medicare in the fiscal negotiations, the rest of his party may not go along. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that's the way it's been the last couple of years. >> reporter: meanwhile, romney's loss has prompted hang wringing and a blame game among republicans. >> i think it's going to be a...